Automotive Relay Market - Growth, Trends, and Forecast (2020 - 2025)
|発行||Mordor Intelligence LLP||商品コード||635751|
|出版日||ページ情報||英文 60 Pages
|世界の車載用リレー市場：成長、動向、予測 Automotive Relay Market - Growth, Trends, and Forecast (2020 - 2025)|
|出版日: 2020年02月01日||ページ情報: 英文 60 Pages||
The automotive relay market is expected to register a CAGR of over 5.2%, during the forecast period, 2020 - 2025.
Plug-in Relay to Witness Fast Growth
Currently, the demand for solid-state relays, especially solid-state plug-in relay, is growing, as they can handle high-rated currents (50A-80A) and operating voltages (less than 400V), similar to that of electromechanical type relays. Additionally, plug-in relay's simple design structure and lightweight nature make them suitable as a close replacement for heavy electromechanical type relays.
A solid-state plug-in relay is deployed in various application fields of automobiles, such as electrically heated catalytic converters, motors and pumps, and body electronics, like door locks, seat controls, window lifters, etc.
Moreover, plug-in relays are also available in three major operating characteristics with current carrying capacities of 30A, 40A, and 70A.
ABS controls are one of the prominent areas of applications for plug-in relays in the automotive market.
Asia-Pacific Continues to Capture the Major Market Share
The growing importance of electronics in the automotive value chain, rising demand for vehicle safety and comfort features, and the rapid acceleration in the deployment of electric vehicles, especially in major countries in China, India, Japan etc., are the key trends driving the market studied in Asia-Pacific.
Few factors, like companies engaging in partnership activities, spending more on R&D projects, and offering products with latest technology and maximum efficiency, have been driving the market growth in the region.
The demand for automotive relay in Asia-Pacific, over the forecast period, is projected to grow, as the auto manufacturers are incorporating more electronic features in vehicles, thus, resulting in the growth in demand for the automotive relays in the region.
The market for automotive relay is highly competitive, due to the presence of both international and local relay suppliers in the region. Among them, major players in the market are Robert Bosch GmbH, Denso Corporation, TE Connectivity Ltd, and Panasonic Corporation.
To meet the consistently growing demand for plug-in relays in automobiles, automotive electronics companies are focusing on manufacturing high-power and reliable relays for automotive applications. For instance, in March 2018, Eberspacher Controls Landau GmbH & Co. KG introduced a new solid-state plug-in power mini relay (12 V / 100 A) for switching electric loads in passenger cars, commercial vehicles, and off-road vehicles.